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Vestager rejects German-French dream of toggigant

the Pressure from Germany and France has been great and quite unusual. However, the EU Commission has closed ears to the cries of Paris and Berlin, and on Wed

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Vestager rejects German-French dream of toggigant

the Pressure from Germany and France has been great and quite unusual.

However, the EU Commission has closed ears to the cries of Paris and Berlin, and on Wednesday confirmed that a German-French dream of creating a toggigant blocked.

the Ambition of the German Siemens and French Alstom have been putting the arm on the global stage with the world's largest togproducent, chinese CRRC.

This aggregation would have resulted in higher rates of signalling systems to provide reassurance for passengers, and the next generation of high-speed rail, says Margrethe Vestager in the decision.

Siemens and Alstom have not been willing to address concerns from the commission', elaborates on the commissioner.

the Decision is as expected. Both Margrethe Vestager and the EU Commission president, Jean-Claude Juncker, has the most recent time, defending the existing rules for the competition.

They have been under massive pressure from Germany and France. The French finance minister, Bruno Le Maire, said on Wednesday morning that the decision is a 'financial mistake'.

The two companies had offered to get the commission to make certain changes in the plans. But it was not enough.

the Commission has, therefore, called it 'blocked the agreement in order to protect competition in the european togindustri'.

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